This is the goal of some of our super wealthy ; to be “royalty lite”. Endowed with never-ending wealth for themselves and their heirs through repealing the estate tax (currently only applies to estates worth MORE THAN $5.5 million). And removing the Johnson Amendment from the law creating 501-c-(3) non-profits, so that they can make their unlimited political donations tax-deductible. Yes, you read that right. Repeal is in Section 5201 of the bill passed by the House. There’s more. Not coincidentally, the bill also repeals the Pease Amendment, which is a provision that limits the amount of deductions available to high-income earners. Go here to learn more: https://www.councilofnonprofits.org/advanced-search?search_api_views_fulltext=Johnson+amendment&sort_by=search_api_relevance
Fight back! The Johnson Amendment, which dates from 1954, prohibits 501-c-3’s from “endorsing or opposing any candidate for political office.” What it does not do is prohibit these organizations from taking a public stance on any issue of the day. The Amendment also protects 501-c-3’s from requests (demands?) from candidates for endorsements and donations. Call your Congressmen’s local offices and urge them to preserve this vital wall between charitable donations and politics.
If you were too old to believe in ‘trickle down economics’ anymore, so-called ‘Middle Class’, why did you vote for a proponent of it?
“Trickle Down” is a sham, a means of stealing money from the less to give it those who have too much more.
More fairy tales…like “The Wall”, defeating ISIS in 30 days, More Coal Jobs, etc…etc…etc…
You haven’t learned, you voted for them.
Republicans have been destroying America since Reagan.
If you are good, Trickle-down will bring you a new job, infrastructure and the American dream. If you are bad, Trickle-down will enrich those at the top, send us into a recession and spike prices at the register.
Okay, there is no way for you to be good enough for Trickle-down, this isn’t Santa. Looks like the rich win again.
“We are free today substantially; but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will become concentrated in the hands of a few. A Republic cannot exist upon bayonets; and when that day comes, when the wealth of the nation is in the hands of a few, then we must rely upon the wisdom of the best elements of the country to readjust the laws of the nation to the changed conditions.”James Madison, 4th President of the U.S.
2017 Wealth index in USA. Top 1% have 43% of total wealth, the next 4% own 29%, the next 15% own 21%, the remaining 80% own the last 7% of the wealth.
That is how you have a near bloodless revolution by the Plutocrats. And they aren’t finished yet. They still fear us but less so as long as we accept it.
The American middle class can kiss its ass goodbye with the passing of this “Death of the American Dream by 1000 Cuts Deform Bill”. The 1% Elite Rich leeches in the top echelons of this country will be so much closer to achieving their dream of a true feudal state whereby they rule absolutely, we serve as unpaid indentured slaves to their idle lifestyles.
April 12, 2017
July 06, 2017
July 23, 2017